Samsung is now making chips for cryptocurrency mining

Samsung is now making chips for cryptocurrency mining

6 years ago
Anonymous $v9r5mEH86V

https://qz.com/1195205/samsung-confirms-it-is-making-asic-chips-for-cryptocurrency-mining/

It’s confirmed: Samsung has started mass producing chips designed for cryptocurrency mining, known as application-specific integrated circuits (ASICs).

The Korean tech giant yesterday (Jan. 31) announced its fourth-quarter revenue, which came in at 66 trillion won ($61 billion), a 24% increase year-over-year. That’s in large part thanks to strong demand for Samsung’s memory chips used in data centers and smartphones. But here’s what was buried in the company statement: